Mergers and Bankruptcies in the Oil Industry
Despite rapid growth of oil production in the United States the past decade, an unexpected rise in mergers and bankruptcies are in the energy sector's forecast. New drillers that entered the hydraulic fracturing (aka fracking) market in the 2010s are now facing fierce...
The US as a Sustained Net Importer
The IEA, or International Energy Agency, is predicting that the United States of America will become a sustained net exporter of oil in 2020. This forecast by the IEA is based on information that was recently published in December of 2019. It is worthwhile to note...
2019 Oil & Gas Industry Recap
2019 was an exciting and consequential year for the oil and gas industry. Major stories included records in domestic production, increased exports, financial developments, and a reduction of oil rigs by privately held energy companies. A major financial story of 2019...
Why The World Turns To Natural Gas
Renewable energy is a popular topic these days. Solar power and wind power get favorable press and are frequently touted as the undisputed future of energy. Natural gas, however, is making a big entrance onto the world stage. The United States is leading the charge as...
2020 Projections for the Oil Industry
Robert Bensh shares some projects for 2020.
Oil Production in the Gulf of Mexico
The Gulf of Mexico is the second most prospective region in the world for offshore oil drilling. The region is set to break another record for the amount of oil that it will produce in 2020; production in the region has been steadily rising every year since 2013,...
Career Paths in the Oil and Gas Industry
Millions of people work in the oil and gas industries. Those positions are known for their hard work, but they are also known for their appealing salaries and opportunities for advancement. The industry offers opportunities in a wide variety of fields. That means that...
RBLs and the Future of Small US Oil & Gas Companies
Small oil and gas companies often rely own loans from banks to fund their production. Recently, however, some of the largest banks have cracked down on these loans. These monetary groups have become more cautious when it comes to funding oil and gas companies. Banks...
The Decline in Houston Oil and Gas Jobs
The city of Houston, Texas is well-known for its contributions to the oil and gas industry. From extraction to oil services to machinery, Houston plays an integral role in the energy industry as a whole. The oil industry provides 175,000 Houston-based employees with...
The Importance of Transferable Skills in Oil & Gas
As we approach the retirement of many workers in the oil and gas industry, the industry is threatened by a major skills shortage. As a result, oil and gas companies will be forced to fill vacant positions with staff from outside industries. Recruiters will need to...